CTR value after an accident...?

And then what? They send me a check?

frtorres87 said:

And then what? They send me a check?

Click to expand...

Yes? You have to make your case - show that cars in your area / nationally are getting high prices for trade in / used for sale then show what you have been offered with the accident on the record.

Insurance is supposed to make you whole, in a perfect world, but they won't go out of their way to give you everything they can - you have to go after it.

Assuming I was able to get a check for diminished value, would it be best to just apply it to the principal of my loan or?

Zeffy94 said:

Assuming I was able to get a check for diminished value, would it be best to just apply it to the principal of my loan or?

Click to expand...

That's for you to decide I couldn't possibly speculate on your financial situation entirely and know what would be best for you. That depreciated value is to try and make you whole so if you're trying to sell the car, and are getting lowballed, that amount should 'put you at' a reasonable level when combined with the sale price.

I'd try and sell your car privately, with full accident pictures and disclosure and a reduced price. You will come out ahead that way, but you need to assuage potential buyers that the accident is (if it was) not a big deal and has been fully repaired.

Good luck

They won’t give me anything (as I suspected) because my first accident was my fault, so their position is the cars value was already hurt from the prior accident.

Oh well, it was worth a shot.

So you had two accidents? It might have helped to make that clear from the beginning. Everything you posted asked how one minor accident could affect resale value.

Muggsy said:

So you had two accidents? It might have helped to make that clear from the beginning. Everything you posted asked how one minor accident could affect resale value.

Click to expand...

I agree. The first accident kills any DV claim before it even starts.

Muggsy said:

So you had two accidents? It might have helped to make that clear from the beginning. Everything you posted asked how one minor accident could affect resale value.

Click to expand...

Sorry - I have had two accidents, but only one shows up on a vehicle history report. I had one where it was my fault, then 6 months later I got rear ended. One of them mysteriously does not show up on the history.

SilentMonkCTR said:

I agree. The first accident kills any DV claim before it even starts.

Click to expand...

I somewhat figured